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to midnight. we will see you tomorrow. >>> mile high showdown. as president obama and mitt romney prepare for tonight's crucial debate, our brand new poll numbers show where they stand. >>> midair mess. another incident of loose seats on an american airlines flight and now the company says it knows why. >>> and shock value. daredevil magician david blaine goes high voltage in his latest stunt. good morning, everyone, i'm lynn berry. those stories and more straight ahead. this is "first look" on msnbc. >>> and we're going to begin this morning with high stakes debate. all eyes turned to denver for tonight's first presidential debate of the 2012 race. and a new nbc/"wall street journal" poll finds president obama is hold on to his national lead. but not by very much. 49% of likely voters favor the president. while 46% prefer mitt romney. that's only a 3% edge for obama which is within the survey's margin of error. but when it comes to a pool of registered voter, the president widens his lead over romney by 7 points, 51% to 44%. now a national survey says the nation is headed into the right
suggests the obama administration has been involved in an outright cover up. there are reports tonight that officials within the administration were concerned from the very beginning about the message the white house chose to push after the attack. the attack that was spontaneous they said, and not at all the work of terrorists. here's white house spokesman jay carney back on the 14th of september. >> the incident in benghazi, as well as elsewhere, but these are all being investigated, what i'm saying is that we have no evidence at this time to suggest otherwise, that there was a preplanned or alterior investigation behind the unrest. my point was that we don't have and did not have concrete evidence to suggest that this was not in reaction to the film. lou: he's referring to the almost car toonish anti-islam youtube video that the president and his administration have blamed from the outset despite the claims by intelligent sources that the obama administration knew within a matter of hours that the assassination of am ambassador stevens and three other americans was carried out by te
, everybody. the obama administration tonight is embroiled in a widening controversy with new questions asked of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's choice to be hillary clinton's replacement. all 18 members of which, republicans and democrats, have signed a letter acceptability to the administration asking for a full accounting of the benghazi terrorist attacks and the events in yemen and egypt. the white house continues to give every appearance of stone walling, both the congress and the press. almost three weeks have passed since those attacks, and leaked from within the white house, an intelligence community suggests the obama administration has been involved in an outright cover up. there are reports tonight that officials within the administration were concerned from the very beginning about the message the white house chose to push after the attack. the attack that was spontaneous they said, and not at all the work of terrorists. here's white house spokesman jay carney back on the 14
and the obama administration say terrorists clearly planned the attack on the consulate in benghazi. the american ambassador to libya was killed. leon panetta says there are still many unanswered questions that still do need to be resolved. >> as to who was involved, what specific groups were involved, i think the investigation that is ongoing hopefully will determine that. >> the fbi is investigating the attack but agents are not yet on the ground in benghazi due to concerns about security. they're still in tripoli right now and sources tell cnn the consulate site remains unsecured and staff is being removed from there in tripoli due to security reason there. >> the man who ignited this is in custody in los angeles this morning. but authorities claim it has nothing to do with that movie. nakoula basseley nakoula was held on alleged parole violations connected with his violati violation. he used at least 17 fake names including sam basseley, the pseudonym under which he made the film. >>> investigators say the sons anarchy star beat and strangled his 81-year-old land lady before fal
biden. this is getting hot. good morning, everyone. at taper circus, candidate obama said katrina victims didn't get the same treatment as victims of others, he was speaking to a generally black audience and demands more-- >> and vice-president biden says the middle class has been buried in the last four years, tries to walk it back, saying they were buried by policies romney and ryan supported. a mini ipad on the way. so watch out amazon. all right. 12 hours to the debate, but "varney & company" is about to begin. >> wednesday, october 3rd. two new videos we're going to show you this morning. and first, president obama when he was still a candidate for the presidency back in '07. he's speaking to mostly black audience questioning whether katrina victims were given the same treatment as victims of other disasters. >> when 9/11 happened in new york city, they waved the-- said this is too serious a problem, we can't expect new york city to rebuild on its own, forget that, that dollar you've got to put in. here is $10 and that's the right thing to do. when hurricane andrew struck in
off his 47% remarks while president obama sharpens his attacks. >>> leap of faith. tense moments as a mother and her five kids are forced to jump from a burning building. and sweet mystery. why are bees in france producing green and blue honey? >>> good morning, everyone. i'm lynn berry. those stories and more are straight ahead. this is "first look" on msnbc. >>> and we are going to begin this morning with back to battle. the two presidential candidates are busy attacking each other on the campaign trail following their first debate. today president obama will be campaigning in virginia and ohio. mitt romney is in virginia. governor romney boasted about his debate performance and told supporters he will take back the white house. but for the first time, romney backed away from his controversial remarks about the 47% of americans who don't pay federal income taxes. he was asked what he would have said if that came up in the debate. >> clearly, in a campaign with hundreds if not thousands of speeches and question and answer sessions, now and then you're going say something that do
. as president obama and mitt romney prepare for tonight's crucial debate, our brand new poll numbers show where they stand. >>> mid-air scare. another incident of loose seats on an american airlines flight, and now the company says it knows why. >>> and shock value. daredevil magician david blaine goes high voltage in his latest stunt. captions paid for by nbc-universal television >>> good morning. i'm lynn berry. today we begin with a high stakes debate. all eyes turn to denver for tonight's first presidential debate of the 2012 race, and a new nbc news "wall street journal" poll shows president obama is holding on to his national lead, but not by much. 49% of likely voters favor the president while 46% prefer mitt romney. that's only a 3% edge for obama, which is within the survey's margin of error, but when it comes to a poll of registered voters the president widens his lead over romney to 7 points, 51% to 44. and, finally, four in ten surveyed now say the nation is headed in the right direction. that's the highest amount since june 2009. meanwhile, both candidates took a break from their d
president obama sharpens his attacks. >>> deadly exchange. an american tourist opens fire at an israeli seaside resort. >>> leap of faith. tense moments as a mother and her five kids arforced to jump from a building. captions paid for by nbc-universal television >>> good morning. i'm lynn berry. the two candidates are busy attacking each other on the campaign trail following their first debate. today president obama will be campaigning in virginia and ohio and mitt romney is in virginia. governor romney boasted about his debate performance and told supporters he will take back the white house, but for the first time romney backed away from his controversial remarks about the 47% of americans who don't pay federal income taxes. he was asked what he would have said if that had come up in debate. >> clearly in a campaign with hundreds if not thousands of speeches and question and answer sessions, now and then you're going to say something that doesn't come out right. in this case i said something that's just completely wrong. i absolutely believe, however, that my life has shown that i car
points, so there's a definite correlation. > > we talked about intrade last week and how obama was overbought and it was time to buy romney, so i'm using this as a point to sell romney, make some profits. but, you're going to credit this jump because of the debate. that's ridiculous. what about the first 6000 points that got the s&p up to four-year highs? that didn't have anything to do with it? > > i'm not going to take that away from obama- hold on a second. the point is, i think obama was completely factored in. i think romney didn't even have a chance of winning up until last night, and i think the market realized- > > yes it did bounce back. > > round 2: the gas stunt? there's a political ploy right now of selling gas at $1.84, around the price when the president took office. of course, americans for property is backing this. they're pitching in a couple of dollars so americans can get cheaper gas. do we want gas to go back to those levels? > > absolutely positively not. anybody that thinks they want to go back to where we were is silly if not idiotic. gas was at that pric
obama and mitt romney have jabbed at each other from afar for weeks, but now they get to do it face to face as they get set tonight for their first debate. slipping growth hits home in china's resilient services sector. >>> and more signs of trouble for the spanish government as the latest figures show its corporate tax revenue has tumbled. mariano rajoy issues the latest denial that he's ready for a bailout. >>> we now have the latest numbers crossing for the eurozone services pmi. the september final services read coming in at 46.1. an improvement that we have seen from the 46 number. this is still the lowest level we're seeing since 2009. the forward indication 49.4. in terms of what we're seeing on the final comp sit pmi, this is above the 45.9 read that we have, but just a fraction below what we saw in august, the rate was 46.3 then. this is the lowest read since may 2009. in terms of new business number for the composite september rate, 43.8. we're still right back at some of these 2009 lows. >>> elsewhere, the numbers are not that much better. lisa has more on these numbers o
highs in many cases. is the market pricing in an obama win at this point? >> you know, unfortunately, sadly, yes. we're pricing in an obama victory right now. we're pricing in a senate victory. the congress will be kept by the republicans but yes, they are. it could be game changing tonight. high-risk theater. if romney comes out and forgets about bashing obama and starts talking about his plan, what he is going to do to create economic reform, lower, taxes, lower corporate welfare, i think that might be a game changer in the market but he has to do that tonight. david: all right. bob, despite the fact you think we're in a recession we are going to have a selloff as a result of that, you do have some stock picks. i was interested in one, holly frontier. it's a refining company. why if you think we're going into a recession would you be interested in refining if we're going to be cutting back on fuel? >> well i think, david, the key reason is, holly is currently trading quite cheaply, six times earnings. really gets back to where their refineries are positioned. they're in the middle
>> this is nbr. captioning sponsored by wpbt >> tom: i'm tom hudson. president obama and mitt romney are back on the campaign trail, but still debating taxes. >> susie: i'm susie gharib. the feds launch one of the largest crackdowns on medicare fraud. $430 million in scams leads to arrests from coast to coast. >> tom: and we'll introduce you to a company hoping to become the mcdonald's for healthy eaters. >> susie: that and more tonight on nbr! >> tom: it was right back to the campaign trail today for president obama and mitt romney. the president went on the attack after what's been perceived as a lackluster debate performance. and the president accused governor romney of not telling americans the truth about what president obama calls romney's $5 trillion tax plan. darren gersh, tonight, looks at what the real impact of the romney tax plan could be on the american economy. >> reporter: here's where the president gets that $5 trillion number he used again today. governor romney's plan to cut tax rates by 20% would add up to about $5 trillion over ten years, assuming no other
? dagen: thank you nicole. connell: finally tonight is the night. president obama and mitt romney will square off in their first presidential debate. dagen: peter barnes is in denver where the opponents will go toe-to-toe. hey peter. peter: hey dagen and connell. listen, mitt romney hopes these depates will help -- debates will help him overtake president obama and pull ahead here and use these debates to try to close the race with the american people. the new poll shows the race tightening, 49% for obama, 46% for romney, among likely voters, within the margin of error. there's a lot of debate over whether these debates can make a difference in these elections. looking in history, they have in in the past. in 1960 they helped john kennedy overtake richard nixon. 1980 helped reagan over take carter. 2000 helped bush overtake gore. romney was behind in 02 race for governor in massachusetts, he was trailing badly six weeks before the election. the campaign reorganized, romney pulled his advisors together. they decided on a new strategy which was to get tough and get specific and romn
a second ago which is why his plans would be better than the obama plans and, secondly, why he is not a third term of george w. bush. if he fails to do that, because that will be the obama response, what you are trying to do is we tried that way in the past and it did not work. romney has to come back and say we have lots of failed policies and this is why i am different. if he does that, he can win this. lori: will the president default to the fact that thinkers? we know jpmorgan was in the news this week you how to think ronnie should handle those attacks? >> if he stays away from that, and kind of keeps and even keel, i think it will ease the concerns of some business leaders and could help him within the business community. if he goes back to the populace rhetoric that we have heard, i think the market and business will react negatively. lori: why do you think it is from these best and possibly last chance? >> he is going head to head with the president. you do not get a better opportunity than this. a lot of states have early voting. the further we get into october, the la
president obama speaks this morning, trying to counter the widespread perception that he lost last night's debate. his in-rate contract down 7%, but do stocks have to start pricing in a romney rebound? >> the ecb standing pat on rates as expected as the pressure on spain to file for a bailout eases with borrowing costs a little lower this morning. markets looking ahead to tomorrow's jobs number and the start of earnings season next week. >> it's back. facebook hits the billion user milestone. 1 billion monthly active users as of september 14th. this as its ceo does the rounds, appearing on the cover of "businessweek" and giving nbc an exclusive interview. we've got some of that exclusive later on in the show. >>> and how bad can things get at hp? meg whitman knocks down guidance, sending shares down to nine-year lows. we'll talk to her directly in just a moment. >>> the first presidential debate is now in the books. mitt romney went on the offensive, pushing his pro-growth agenda while taking president obama to task on his jobs and economic record. president arguing romney's plan on taxe
taylor. after we hear the number at 8:30 eastern time, we'll talk about what the news means for the obama and romney campaigns. our ges both served as chairman of the economic advisers. austan goolsbee and ed lazear under president obama. but first this morning's headlines. >>> you wanted music but you didn't pick this? >> no but it didn't bother me until you started mocking it. >> she want us just to talk, no music. >> let's get to spain and its finance minister. sparking laughter from an audience in london today, why he told a group of academics that his country doesn't need a bailout at all. that's interesting. the minister is arguing that madrid's reform program right now is already sufficient to stave off a full sovereign bailout and the ecb's bond buying program would suffice. to help spain recover. that's apparently how it started, with -- you can imagine -- that's bad for confidence of the minister of spain where he's telling an audience, we don't need a bailout and then you hear a whole auditorium laughing. morgan stanley is warning that more pay cuts are coming. in an interview
a solid performance in the debate with president obama. >> i apologize mr. president, i use that term with all respect. >> coming up for you at 7:15, which of the candidates did the best according to debate watchers surveyed and also a closer look at some of the statements made about tax cuts. >>> in other news a memory is being planned in san francisco for am bas discoer chris stephens, killed in libya. his parents shared photos with us here at their home in oakland. stephens was killed september the 11th when protesters attacked the u.s. embassy in been been ben ben gazi. they are doing that there. >> they are doing that blue angels show there. and get more information about that and the rest of the festivities in san francisco, go to ktvu.com and look for the hot topic section and there is a lot going on. >> a lot going on. >> uh-huh. >> you always warn drivers to be careful. >> keep your eyes on the road. >> keep your eyes on the road. we keep our eyes on sal. >> traffic is doing well around the bay area. as a matter of fact, looking at at the bay bridge, which is normal, for thi
to president obama last night? here's mitt romney taking it to the president. listen to this. >> the reason i'm in this race is there are people that are really hurting today in this country and we face this deficit could crush the future generations, what's happening in the middle east, there are developments around the world that are of real concern. and republicans and democrats both love america, but we need to have leadership. leadership in washington that will actually bring people together and get the job done and could not care less if it's a republican or a democrat, i've done it before. i'll do it again. connell: that was mitt romney. our first guest on the program today is congressman charlie rangel, democrat from new york. great to see you. everybody is asking this question in all seriousness, what happened to the president last night? >> i walked on the street this morning, people think i talk with the president on a regular basis, hey congressman, what happened? hey charlie, what happened last night? connell: we have another question congressman, what happened to your microphone
killed five policeman. the attacks are as a display of force. >> a new poll shows president obama in the lead now. shows mr. obama with 51% support compared to 44% for mitt romney. the president is now in one of those states right now as he prepares for the first debate. two men will face off in denver on wednesday night. president obama holding a rally in las vegas last night speaking to 11,000 people there. and senator john kerry is playing the poll. and rob port man is acting as romney. >> both are excellent in their own way. you could argue that mitt has had a lot more recent experience. >> the president has a day job. the president has been president and not had the time to practice. all we hear about is how much mitt romney is practicing, practicing, trafficking. >> we'll see how it goes. debate is on wednesday. focus on domestic policy. romney is speaking about foreign matters. he says today that the president has shown weakness. >> the supreme court is set to tackle big cases today. the court will take on issues relating to same sex marriage and privacy issues. 6 of the 9
>>> good morning, everybody. welcome to "squawk box" here on cnbc. president obama and mitt romney now have about 15 hours until they take the debate stage at the university of denver. >> people want to know who's going to win? who's going to score the punches? in my view, it's not so much winning or losing or even the people themselves, the president and myself. it's about something bigger than that. >> no, no, governor romney, he's a good debater. i'm just okay. but what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing. >> a new nbc news "wall street journal" poll finds that nearly four in ten voters say that the upcoming debates will be either extremely or quite important to determining their vote for president. another 34% of voters polled say that the upcoming debates will be somewhat important to their votes, so the stakes are high tonight. president obama's lead in the nationwide polls is narrowing. meantime, romney has pulled even in florida. john harwood is in denver this morning and he will join us in just a few
by the obama administration that are having a chilling effect on energy production in the united states. those three things alone would send signals to the marketplace. we're serious about our energy policy. even though congress doesn't act, the administration, the president could take those steps and it would send a clear signal, put a lot more people to work. >> so what should the policy look like? what, in your view, would be the most important, you know, event that the administration can do to help the country's energy situation? >> i think the first thing is it needs to be a policy driven by job creation. in the oil and the gas business, since this recession started in 2007, 2008, we've created close to 400,000 jobs when the economy has lost 6 million. so we need to focus on job creation potential. the second thing we shouldn't overlook is the amount of revenue that the industry generates as they create these jobs. we contribute over $86 million a day to the federal government. that's a lot of revenue that could help with deficit, deficit reduction and our debt structure. the third piece
economic crisis. he did the opposite of what president obama did in terms of cutting taxes and reducing government and deregulating and what his recovery look like, month after month of 500, 600, 900,000, over a million jobs in 1983. dagen: back to the original point, mitt romney has to avoid trying to discredit this number. >> he will not do that. [talking over each other] >> ronny isn't going to discredit or do what jack welch did but what he is going to say is the obama recovery such as it is and various other economic indicators you talked about which indicate it is slowing down and stagnant and might be slipping into recession. that is the perception that the average american and average voters operating with. dagen: perfect to see you. nice discussion about the number of people working that called the unemployment rate to drop below the 8% mark. eight hundred seventy three thousand was the number in the household survey. our next guest has been talking about this that the economy is not as weak as you might think. scott minored is joining me now from santa monica. you called it bu
happy than a healthy job market. from recent college grads to president obama, their future might look more certain if companies really ramped up hiring. economists say there's too much uncertainty on the horizon for that to happen any time soon. the good news is that firms have stopped cutting jobs. the bad news is they're still too nervous to hire more than a handful of new workers. friday, economists predict the september employment report will show a modest 113,000 new positions were added, barely better than august. still, some believe current data underestimates what's really happening with hiring. >> the perception of the labor market is probably more like a world where we're adding 150,000 jobs a month, which isn't good, but certainly better than the numbers are printing which is only around 100,000 or so. >> reporter: anecdotal evidence supports that assessment too. this new york staffing firm primarily places workers in administrative jobs, and says it's finding the market surprisingly strong. today, good candidates are quickly turning temporary positions into full time jobs.
. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w. bush in 2004. but he wasn't able to translate that into lasting benefit. that's the best of the next three weeks, to see whether romney can keep it going or whether president obama comes out with a higher level of aggression, higher level of energy in the next debate and stop the momentum that romney accumulated last night. >> okay. yeah, i had so many different thoughts, john, as we watched the whole thing. i remember that a lot of republicans were supporting newt gingrich because just for this moment, they wanted -- they thought newt was such a great debater, they wanted to see someone like newt talk to president obama about his policies and about the last four years. and they tho
policy center says all that means is tax cuts of $480 billion in the year 2015. the obama campaign will divide that by ten and there is a $5 trillion tax cut figure over the next decade the president repeatedly cited during the debate. that is misleading. romney says he raises the full cost. he raises money elsewhere. personal exemptions and healthcare provision -- congress could presume economic growth from lower tax rates need more tax revenues to the treasury. economic growth means romney's plan works. >> it grows the economy so much. about 7.4% in the long run. over ten years. this revenue problem becomes much smaller. >> others like the tax policy center and the congressional budget office do not use overall economic growth as official ways to pay for lower tax rates. mcbride says it is somewhat ridiculous not to do so. there will be some growth from doing it. back to you. melissa: rich, that is so interesting that you got him to quantify the kind of growth we could see with that 7.4%. that is a part of the conversations that get really tough. >> a romney a point to a rise uni
this morning, crunch time in the race for the white house. just two days remain before president obama and mitt romney square off in denver for the first of three critical debates. president's being prepped in nevada today. and the gop challenger has some ground to make up because a brand-new "washington post"/abc news poll this morning has the president leading by two percentage points among likely voters. it's not unusual for candidates to try to lower expectations in the days leading up to dedebate. republicans have been playing up the president's eloquence, ever since last week. but it seems somebody forgot to tell new jersey governor chris christie, because he was setting the bar high for mr. romney. listen. >> he's going to come in wednesday night, lay out his vision for america, he's going to contrast what his view is with what the president's record is, the president's view for the future and this whole race is going to be turned upside down come thursday morning. >> upside down is what he says. in just a few minutes we're going to be talking about wednesday night's debate and the presi
but that obama who lot of people don't like what it comes to that strategy. 28%. what is 3% among ceo tie-ins but he says 25% for manufacturing, industry. a lot of republicans don't like industrial policy. i am not saying you should or shouldn't agree with that or disagree but both of these candidates want to help manufacturing whether by industrial policy or more bigger government area or lower the rate. [talking over each other] cheryl: alan mulally would love it if it were 25%. stamping chicago back in may doing gangbuster business. mitt romney wants to do it but obama also wants to do it. the difference is things not in manufacturing. you get 25%, if we could get down to 25 this is going to work. i don't think you should politicize your investment portfolio. dave: no solution the opportunities. [talking over each other] dave: america's top c e os are more pessimistic than in years so why is there outlook dampening and what do they think will turn things around? president of the business roundtable. cheryl: going small is the smart thing to do if you are smart cars. smart cars reportin
and everybody is getting in on it from president obama to larry king. joining us in a fox business exclusive, what is driving more than 43 billion people to their site every month? liz: talk about an online buzz, which online site is launching a marketplace for wine? [ male announcer ] what if you had thermal night-vision goggles, like in a special opsission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. less expensive option than a traditional lawyer? at legalzoom you get personalized services for your family and your business that's 100% guaranteed. so go to legalzoom.com today for personalized, affordable legal protection. nature valley trail mix bars are made with real ingredients you can see. like whole roaed nuts, chewy granola,
, no minority got obama for. >> obama phone. she's talking about a real government program that subsidizes cell phones for the poor. guess what? you might be paying for it. did you know that? i'll speak with a congressman about how he's trying to reign it in next. >>> then, think about a 75% tax rate. that could be a reality in france. the question is whether it could happen here. a mitt romney supporter gives us her take in a few minutes. >>> and he's the head of one of the richest sovereign wealth funds. he sits down with me for an exclusive in a few minutes. he owns a number of banks. find out where he's investing. back in a moment. tdd#: 1-800-340 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-
probabilities of who's likely to be elected, president obama last week or so peaked at a 76% probability. this morning, it was down to 66% probability. romney moved up 10 percentage points. dan loeb on facebook had put last week out a note that you ought to buy the romney futures because they were so depressed. i don't know how the money works in that thing, but he made ten points on the upside. >> wonder what the capital gains treatment is on that. >> that's a good question. >> rick santelli, i haven't even talked about march you draghi. he had an impact on the markets early on today, didn't he? >> he definitely did. if i look at interest rate complex between the mario draghi influences, the euro rally. we saw interest rates on the safe harbors like ten-year notes move higher. the stocks really grasping in and getting close to triple digits has put the ten-year pretty much at the top of what has been an eight-trading day, 5 1/2 basis point closing range. the boon, which closed a bit ago, is in a 2 1/2 point basis range for seven trading days. it's somewhat amazing. the issue with draghi
the math doesn't work. >> you're the master of the budget. so let's go through the plan. the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years. true? >> not in the least bit true. >> how much would it cost? >> its revenue neutral. >> i'm just talking about the cuts. we'll get to the deductions. >> the cut in tax rates is lower all americans tax rates by 20%. it's revenue neutral. >> it's not revenue new pral unless you take away the deductions. the first half, lowering the tax rates, does that cost $5 trillion? >> no. look, i won't get into a baseline art with you but that's what a lot of this is about. lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agr
, thanks so much. president obama and mitt romney are getting ready for their first debate this wednesday. some conservatives say mitt romney needs a to do a better job selling his tax message which at times seems a little bit muddied. lou dobbs is here to weigh in. i think that was generous. >> very generous. by the way same can be said and should be said of president obama. what these two men are doing, in their economic policies, excuse me, is truly bizarre. they're both obfuscating a bit. to what end, one doesn't know. when you try to win election, seems to me, and i have only covered six presidents but i think it is better if you're clear and direct as you can be with the voter if you want them to vote for you. that is just my feeling. melissa: yeah. >> unless you've got a record a little like mr. obama where you don't need them to focus in quite so sharply on your record, maybe a little fuzz is good. when you were the guy coming at him, you better be sharp and focused and neither man is, i think entirely achieving his goals. melissa: the president, so much of his campaign focused on
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